3 ms·

It would be passed on to renters as a higher price.

• Macha 4y ago
  In theory yes, but this tax was introduced in recent memory and the rate of rent increases that year was not noticeably different to the rate of rent increases in other years, as the prices are limited (well "limited") by the ability of tenants to pay, rather than being driven by costs. And the most expensive areas have rent control anyway.
  • CalRobert 4y ago
    True, RPZ makes it harder to pass along costs. And it makes sense tenant ability to pay affects rents in the current shortage.